By Anjaneyulu Yadav · 15 Nov 2026 · Home loan
Most people who come to us after a rejection made the same mistake: they applied to three or four banks in the same week, hoping one of them would say yes. Every one of those applications left a hard enquiry on their credit report. By the time the fourth bank looked at the file, the report itself had become the problem.
We do it the other way round. Before any bank login, we check on paper whether the loan will pass. It takes one phone call and a few numbers.
What a bank really checks
- Income and existing EMIs. Banks want your total EMIs, including the new home loan, to stay within roughly 40–55% of your monthly income. The exact limit changes with the bank and your salary level.
- Credit score. 750 and above gets the better rates. Between 700 and 750 you still get offers, usually at a slightly higher rate. Below that, the choice of lenders becomes narrow.
- Job or business stability. Salaried applicants are normally expected to have at least a year or two of total experience. For business owners, banks like to see the business running for three years or more.
- The property. Clear title, approved layout or building permission, and a value the bank's valuer agrees with.
How much loan can you expect?
A quick way to estimate: take your net monthly income, subtract the EMIs you already pay, and assume about half of what is left can go to the new EMI. Our eligibility calculator does this for you. Remember that banks also cap the loan against the property value. As per RBI norms, up to 90% for loans of ₹30 lakh or less, up to 80% between ₹30 lakh and ₹75 lakh, and up to 75% above ₹75 lakh.
What to do before the first application
- Download your own credit report. Checking your own score does not reduce it.
- Close or pay down small loans and credit card dues that are eating your eligibility.
- Add a working spouse or parent as co-applicant if your own income falls short.
- Choose one or two banks that suit your profile, and apply only there.
That last step is where a consultant earns his place. Different banks treat the same profile very differently. We compare your profile with the policies of 50+ banks and NBFCs and tell you where the file fits, before a single enquiry touches your report. The consultation is free, and you can start it on WhatsApp.
Common questions
Does checking my own CIBIL score reduce it?
No. Checking your own report is a soft enquiry and has no effect on the score. Only applications made to lenders are recorded as hard enquiries.
How many banks should I apply to?
Ideally one, at most two, and only after confirming on paper that your profile matches that bank's policy.
Related service: see full details, documents and eligibility →
Keep reading
- Home Loan Without ITR: What Are Your Real Options?
- Home Loan Balance Transfer With Top-Up: When Is It Really Worth It?
Anjaneyulu.in is a loan consultancy, not a lender. Rates, eligibility and sanction are decided by the bank or NBFC.